Satin Finserv Limited Raises INR 60 crores Through Listed, Secured NCD Issuance

Satin Finserv Limited (SFL), the MSME-focused arm of Satin Creditcare Network Limited (SCNL), has successfully raised INR 60 crores through the issuance of listed, secured, and rated NonConvertible Debentures (NCDs) in two tranches of INR 30 crores each.

The funds have been raised from reputed institutional investors at a competitive coupon rate of 10.95% p.a., underscoring investor confidence in SFL's strong fundamentals and growth outlook. The NCDs have been assigned a long-term rating of A- (Stable) by ICRA, further reflecting the entity's strong credit profile and sustainable growth prospects. The Company is well capitalized with a CRAR of 36.83% and debt to equity ratio of 2.46 times as on Jun'25.

The proceeds will be strategically deployed towards expanding the company's core MSME lending operations along with its recently introduced Green Finance initiative. With larger expansion plans underway, such fundraises will provide the necessary momentum for SFL to consolidate its presence in the financial inclusion space and build scalable, impact-driven lending models. This issuance also reaffirms SFL's ability to access diverse pools of funds at competitive rates, strengthening its financial position as it scales up operations.

Commenting on the development, Dr. HP Singh, Director, Satin Finserv Limited and Chairman cum Managing Director, Satin Creditcare Network Limited, said: "This successful issuance highlights the trust placed in our growth story by marquee lenders. The funds raised will strengthen our ability to support India's MSME ecosystem while also contributing to green finance. We are committed to providing innovative financial solutions that drive inclusive and sustainable growth."

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 147.45 as compared to the previous close of Rs. 149.20. The total number of shares traded during the day was 6946 in over 227 trades.

The stock hit an intraday high of Rs. 150.35 and intraday low of 146.80. The net turnover during the day was Rs. 1033534.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 NBFC SatinFinserv FundRaising NCDs